Energy Transfer LP provides energy-related services in the United States and China. The company owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 12,200 miles of interstate natural gas pipelines. It sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. The company owns and operates natural gas gathering and natural gas liquid (NGL) pipelines, processing plants, treating facilities, and conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, Ohio, and Louisiana; natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas; a natural gas gathering system in Ohio; and transportation and supply of water to natural gas producers in Pennsylvania. It also owns approximately 4,769 miles of NGL pipelines; NGL and propane fractionation facilities; NGL storage facilities with working storage capacity of approximately 45 million barrels (Bbls); and other NGL storage assets and terminals with an aggregate storage capacity of approximately 11 million Bbls. The company also sells gasoline, middle distillates, and motor fuel at retail, as well as crude oil, NGLs, and refined products; operates convenience stores; and distributes motor fuels and other petroleum products. It provides natural gas compression services; carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and British thermal unit management services; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalties, and generates a total of 75 megawatts electrical power. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018. Energy Transfer LP was founded in 2002 and is based in Dallas, Texas.
Industry, Sector and Symbol
Industry Natural gas transmission
Sub-IndustryN/A
SectorOils/Energy
Phone214-981-0700
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$54.09 billion
Profitability
Miscellaneous
Employees11,768
Next Earnings Date11/6/2019 (Estimated)
OptionableOptionable
Energy Transfer LP Unit (NYSE:ET) Frequently Asked Questions
What is Energy Transfer LP Unit's stock symbol?
Energy Transfer LP Unit trades on the New York Stock Exchange (NYSE) under the ticker symbol "ET."
How often does Energy Transfer LP Unit pay dividends? What is the dividend yield for Energy Transfer LP Unit?
Energy Transfer LP Unit declared a quarterly dividend on Thursday, July 25th. Stockholders of record on Tuesday, August 6th will be paid a dividend of $0.305 per share on Monday, August 19th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 9.17%. The ex-dividend date of this dividend is Monday, August 5th. View Energy Transfer LP Unit's Dividend History.
When did Energy Transfer LP Unit's stock split? How did Energy Transfer LP Unit's stock split work?
Energy Transfer LP Unit's stock split on the morning of Friday, June 13th 2014. The 2-1 split was announced on Tuesday, May 6th 2014. The newly created shares were issued to shareholders after the closing bell on Thursday, June 12th 2014. An investor that had 100 shares of Energy Transfer LP Unit stock prior to the split would have 200 shares after the split.
How were Energy Transfer LP Unit's earnings last quarter?
Energy Transfer LP Unit (NYSE:ET) announced its earnings results on Wednesday, August, 7th. The pipeline company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by $0.03. The pipeline company earned $13.88 billion during the quarter, compared to analysts' expectations of $14.49 billion. Energy Transfer LP Unit had a net margin of 4.99% and a return on equity of 9.10%. The firm's quarterly revenue was down 1.7% compared to the same quarter last year. View Energy Transfer LP Unit's Earnings History.
When is Energy Transfer LP Unit's next earnings date?
What price target have analysts set for ET?
8 equities research analysts have issued 1 year target prices for Energy Transfer LP Unit's shares. Their forecasts range from $18.00 to $22.00. On average, they anticipate Energy Transfer LP Unit's stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 50.4% from the stock's current price. View Analyst Price Targets for Energy Transfer LP Unit.
What is the consensus analysts' recommendation for Energy Transfer LP Unit?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Energy Transfer LP Unit in the last year. There are currently 1 hold rating and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Energy Transfer LP Unit.
Has Energy Transfer LP Unit been receiving favorable news coverage?
News coverage about ET stock has been trending negative on Tuesday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Energy Transfer LP Unit earned a media sentiment score of -2.9 on InfoTrie's scale. They also gave headlines about the pipeline company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for Energy Transfer LP Unit.
Are investors shorting Energy Transfer LP Unit?
Energy Transfer LP Unit saw a increase in short interest during the month of August. As of August 15th, there was short interest totalling 105,202,400 shares, an increase of 8.3% from the July 15th total of 97,148,600 shares. Based on an average daily trading volume, of 10,940,000 shares, the days-to-cover ratio is presently 9.6 days. Currently, 4.7% of the shares of the stock are sold short. View Energy Transfer LP Unit's Current Options Chain.
Who are some of Energy Transfer LP Unit's key competitors?
Some companies that are related to Energy Transfer LP Unit include Enterprise Products Partners (EPD), Tc Pipelines (TRP), Kinder Morgan (KMI), National Grid (NGG), Williams Companies (WMB), Western Midstream Partners (WES), Targa Resources (TRGP), EQM Midstream Partners (EQM), EQGP (EQGP), Tallgrass Energy (TGE), Enable Midstream Partners (ENBL), EnLink Midstream (ENLC), DCP Midstream (DCP), Antero Midstream (AM) and TC Pipelines (TCP).
What other stocks do shareholders of Energy Transfer LP Unit own?
Who are Energy Transfer LP Unit's key executives?
Energy Transfer LP Unit's management team includes the folowing people:
- Mr. Kelcy L. Warren, Chairman & CEO of LE GP, LLC (Age 63)
- Mr. Marshall S. McCrea III, Pres, Chief Commercial Officer & Director of LE GP, LLC (Age 60)
- Mr. Thomas E. Long, Group CFO & Director of LE GP, LLC (Age 62)
- Mr. Matthew S. Ramsey, COO & Director of LE GP, LLC (Age 64)
- Mr. Thomas P. Mason, Exec. VP, Gen. Counsel & Pres LNG of LE GP, LLC (Age 62)
Who are Energy Transfer LP Unit's major shareholders?
Energy Transfer LP Unit's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Tortoise Capital Advisors L.L.C. (3.52%), Invesco Ltd. (2.38%), Alps Advisors Inc. (2.37%), Morgan Stanley (2.13%), Bank of Montreal Can (1.77%) and Kayne Anderson Capital Advisors LP (1.62%). Company insiders that own Energy Transfer LP Unit stock include Kelcy L Warren, Michael K Grimm, Ray C Davis, Richard D Brannon, Thomas E Long and Thomas P Mason. View Institutional Ownership Trends for Energy Transfer LP Unit.
Which institutional investors are selling Energy Transfer LP Unit stock?
ET stock was sold by a variety of institutional investors in the last quarter, including Bank of America Corp DE, Natixis, California Public Employees Retirement System, Texas Yale Capital Corp., Waddell & Reed Financial Inc., Kayne Anderson Capital Advisors LP, Magnetar Financial LLC and Fort Washington Investment Advisors Inc. OH. View Insider Buying and Selling for Energy Transfer LP Unit.
Which institutional investors are buying Energy Transfer LP Unit stock?
ET stock was bought by a variety of institutional investors in the last quarter, including Invesco Ltd., Bank of Montreal Can, Chickasaw Capital Management LLC, Eagle Global Advisors LLC, Wells Fargo & Company MN, Miller Howard Investments Inc. NY, Duff & Phelps Investment Management Co. and Morgan Stanley. Company insiders that have bought Energy Transfer LP Unit stock in the last two years include Kelcy L Warren, Michael K Grimm, Ray C Davis, Richard D Brannon and Thomas E Long. View Insider Buying and Selling for Energy Transfer LP Unit.
How do I buy shares of Energy Transfer LP Unit?
Shares of ET can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Energy Transfer LP Unit's stock price today?
One share of ET stock can currently be purchased for approximately $13.30.
How big of a company is Energy Transfer LP Unit?
Energy Transfer LP Unit has a market capitalization of $34.89 billion and generates $54.09 billion in revenue each year. The pipeline company earns $1.66 billion in net income (profit) each year or $1.15 on an earnings per share basis. Energy Transfer LP Unit employs 11,768 workers across the globe.View Additional Information About Energy Transfer LP Unit.
What is Energy Transfer LP Unit's official website?
How can I contact Energy Transfer LP Unit?
Energy Transfer LP Unit's mailing address is 8111 Westchester Drive Suite 600, DALLAS TX, 75225. The pipeline company can be reached via phone at 214-981-0700 or via email at [email protected]
MarketBeat Community Rating for Energy Transfer LP Unit (NYSE ET)
MarketBeat's community ratings are surveys of what our community members think about Energy Transfer LP Unit and other stocks. Vote "Outperform" if you believe ET will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ET will underperform the S&P 500 over the long term. You may vote once every thirty days.
